What is its price per share if the firms equity cost

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Reference no: EM132000643

Summit Systems will pay a dividend of $1.45 this year. If you expect Summit's dividend to grow by 6.6% per year, what is its price per share If the firm's equity cost of capital is 11.7%?

The price per share is $ (Round to the nearest cent.)

Reference no: EM132000643

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